The FIX at 4 - Daily Market Recap 10/4/2018


 Total News – Atlanta, GA 10/4/2018 -- Total Cryptos Portal, which hosts Total News, has been redesigned.  For this reason we had to pause our The FIX at 4 for several days.  In expectation of our big product launch, we wanted to work out the bugs on the new design before going live.  Today an interesting development from the DOJ in Bitcoin, claiming that Russian Spys used Bitcoin:

A newly-published indictment by the U.S. Department of Justice charges seven alleged Russian intelligence agents with using cryptocurrencies as part of a broad "influence and disinformation" scheme.  The government alleges that Aleksei Sergeyevich Morenets, Evgenii Mikhaylovich Serebriakov, Ivan Sergeyevich Yermakov, Artem Andreveyich Malyshev, Dmitriy Sergeyevich Badin, Oleg Mikhaylovich Sotnikov and Alexey Valerevich Minin are members of the Russian intelligence agency and hacked into computer networks used by anti-doping and sporting officials, as well as groups investigating Russia's alleged use of chemical weapons.  To hide their financial tracks, they reportedly used cryptocurrencies, though, in the indictment, bitcoin is the only one named directly.  The document states: "In those instances where conspirators purchased hacking infrastructure, payments were made using a complex web of transactions involving operational accounts in fictitious names and typically utilized cryptocurrencies, such as Bitcoin, to further mask their identities and conduct."  Further, while the conspirators used a variety of currencies, including U.S. dollars, bitcoin was the primary form of payment for purchases including buying servers and registering domains, according to U.S. officials.

Whatever the allegations of the case are, are not important - what is important for Crypto traders is that now the tie is being made, as it always is - between currency and crime, such as 'terrorist financing' which is an end-all clause allowing the US Government to demolish any forces that it chooses with the single exception of perhaps Russia and to a lesser extent China (contrary to popular belief the US still tells China what to do).  It would be interesting to see in the IP logs if any information was shared by NSA in this effort beyond what is on the public blockchain.  -jg

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